https://www.taxtmi.com/caselaws?id=63185 The Tribunal dismissed the Revenue's appeal and allowed the cross objection by the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found no evidence of mala fide intentions or conscious concealment by the assessee, leading to the conclusion that the penalty provisions were not applicable in this case. en-us Fri, 07 Feb 1992 00:00:00 +0530 Fri, 28 Jan 2011 12:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63185 The Tribunal dismissed the Revenue's appeal and allowed the cross objection by the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found no evidence of mala fide intentions or conscious concealment by the assessee, leading to the conclusion that the penalty provisions were not applicable in this case. Case-Laws Income Tax Fri, 07 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63185